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jpak

(41,757 posts)
Fri May 24, 2019, 12:09 PM May 2019

New Jersey's $300 Million Nuclear Power Bailout Is Facing a Court Challenge. Does It Have a Chance?

https://www.propublica.org/article/new-jerseys-300-million-nuclear-power-bailout-is-facing-a-court-challenge-does-it-have-a-chance#

When the New Jersey Board of Public Utilities approved $300 million in subsidies last month for nuclear plants operated by the energy company PSEG, it wasn’t a surprise. The company had pumped millions into lobbying, and it threatened to close the facilities, which are seen as a vital piece of the state’s clean energy agenda.

But some of the board members who voted for subsidies had openly questioned the need for them, echoing concerns expressed by the board’s staff and objections raised by utility watchdogs.

Now, the unusual circumstances around the vote are the basis of a legal challenge by the state-appointed utility advocate, who says the subsidies — and the surcharge financing them — should be cut off.

In an appeal filed on Wednesday in state court, Stefanie Brand, the state’s rate counsel, said that by ignoring its own staff experts and providing little basis for the amount of the surcharge, the board had violated the law.

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